Smith, Jr. Thomas S. 4

What Happened

• Thomas S. Smith Jr., a director of Lindblad Expeditions Holdings, Inc. (LIND), disposed of 56,000 shares on 2026-03-09. The filing reports a weighted average sale price of $17.57 per share for total proceeds of $983,797. The sale is reported as an open-market or private sale (transaction code S).

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (filed within the typical 2-business-day window).
• Price: weighted average $17.57 per share; reported price range $17.06–$17.86 (see footnote).
• Shares disposed: 56,000; reported proceeds: $983,797.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: the reported price is a weighted average; the filer states shares were sold in multiple transactions at prices between $17.06 and $17.86 and will provide per-price details on request.
• Transaction code: S (sale/disposition). No indication in the filing of a 10b5‑1 plan, option exercise, gift, or tax-withholding disposition.

Context

• This was a sale by a board director. Sales are often routine liquidity events and do not, by themselves, indicate company performance or insider sentiment. The filing appears timely (filed within the normal reporting window).